Apple Waives Age Cap for Two Board Members, Including Chair Levinson
By Katherine Hamilton
Apple's board has waived its age cap so two members, including Chair Art Levinson, can stand for re-election.
The tech giant's board said in a Thursday filing it determined it would be in the best interests of Apple and its shareholders to ask Levinson and audit committee chair Ron Sugar to stand for re-election.
As a result, the board waived for each of them its guideline stipulating directors may not be re-elected after hitting age 75.
The board cited Levinson's and Sugar's expertise, experience and knowledge of Apple's business. They are two of the longest-serving board members, and have been on the board longer than Apple Chief Executive Tim Cook.
Levinson, 75, has served on Apple's board since 2000 and became chair in 2011. He is chief executive of the health company Calico.
Sugar, 77, has been a director since 2010. He served as chair and chief executive of Northrop Grumman until retiring in 2010.
Over the past four years, the board has added three new members, representing more than a third of membership. Two long-serving members retired during that time.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 08, 2026 17:16 ET (22:16 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Growth Stocks to Buy While They’re Still Undervalued
3 of the Best Core Stocks to Own
The 10 Best Companies to Invest in Now
3 Great New ETFs From 2026
United States